Question: I would want to know how long the company had been in business. the success ratio of applications to closed loans.
There is nothing like being able to reach out and touch someone who is dealing with your finances and knows your neighborhood and its values.
I would not commit and go down to the wire and be disappointed, I am all too familiar with the 4PM Friday closing when nothing is as it was promised and you have a deadline for using the money.
Answer: I missed the original post and you didn’t quote it; but if your looking for approval rates for lenders by geograph area, it’s included in info that’s reported to the government annually under HMDA (Home Loan Disclosure Act). This is public info that’s available upon request (freedom of info act) from the government (HUD?) AND the lender upon request. (I don’t recall if the lender is required to make it available for review or if their obligated to provide a copy.)
Occasionally you’ll see newpaper articals about lenders approval/denail rates by geo area &/or race/sex. This HMDA data is the source (although it’s easy to distort significance/meaning of the numbers in the process).
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